(a) Applicability.--This section applies only to the tax years affected by the COVID-19 disaster emergency.
(b) Requirements.--Notwithstanding any other provision of law, the following shall apply:
(1) The requirement under section 2004-B(d) of the act of March 10, 1949 (P.L. 30,
No. 14), 1 known as the Public School Code of 1949, requiring business firms to make a contribution
to a scholarship organization, pre-kindergarten scholarship organization, opportunity
scholarship organization or educational improvement organization no later than 60
days following the approval of an application under subsection (a) or (b) of section
2004-B of the Public School Code of 1949 is extended until the end of the business
firm's applicable tax year.
(2) A business firm shall provide proof of its contribution in the form of a written
acknowledgment from the scholarship organization, pre-kindergarten scholarship organization,
opportunity scholarship organization or educational improvement organization to the
Department of Community and Economic Development within 30 days of the contribution
made under paragraph (1).
(3) Business firms fulfilling year two of a two-year commitment that are impacted
by the COVID-19 disaster emergency shall be permitted to receive a tax credit of up
to 90% of the amount contributed in year two. As part of the COVID-19 disaster emergency, the department is prohibited from reducing
the credit authorized in year one of the two-year agreement if the year two contribution
is less than the year one contribution for business firms in a two-year commitment.
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